Kirtland Hills Capital Management LLC Makes New Investment in Cloudflare, Inc. $NET

Kirtland Hills Capital Management LLC purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) during the second quarter, HoldingsChannel.com reports. The fund purchased 11,695 shares of the company’s stock, valued at approximately $2,869,000.

Several other institutional investors have also modified their holdings of the business. HM Payson & Co. acquired a new position in shares of Cloudflare in the 4th quarter valued at approximately $25,000. Wiser Advisor Group LLC acquired a new stake in Cloudflare during the 3rd quarter worth approximately $26,000. C M Bidwell & Associates Ltd. acquired a new stake in Cloudflare during the 2nd quarter worth approximately $30,000. Wexford Capital LP bought a new position in Cloudflare in the third quarter valued at approximately $30,000. Finally, CX Institutional boosted its holdings in shares of Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 44 shares during the period. Institutional investors own 82.68% of the company’s stock.

Insider Buying and Selling

In other Cloudflare news, CFO Thomas J. Seifert sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the transaction, the chief financial officer owned 113,790 shares of the company’s stock, valued at $34,171,137. The trade was a 32.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 682,415 shares of company stock worth $177,417,210. Company insiders own 10.66% of the company’s stock.

Cloudflare Stock Performance

NYSE NET opened at $293.16 on Friday. The firm has a market capitalization of $103.62 billion, a P/E ratio of -505.45, a price-to-earnings-growth ratio of 175.14 and a beta of 1.65. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The firm’s fifty day moving average price is $268.24 and its two-hundred day moving average price is $227.45. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $332.22.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The company’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, research analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on NET. Truist Financial raised their price objective on shares of Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Zacks Research lowered shares of Cloudflare from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. DZ Bank cut Cloudflare from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Guggenheim lifted their price target on Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a research note on Friday, August 7th. Finally, TD Cowen boosted their price target on Cloudflare from $300.00 to $355.00 and gave the company a “buy” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $320.19.

About Cloudflare

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.